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after new years sending the economy into reverse. >> and it's not a threat just for the united states of america. it's a threat for the global economy given the size of the u.s. economy and it's linkages with many other countries around the globe. >> reporter: if the u.s. slows, there may not be anyone left to pick up the slack. even china looks like its growth is faltering. darren gersh, "n.b.r.," washington. >> reporter: i'm diane eastabrook in central illinois. still ahead, the harvest is under way, and farmers are figuring out just how much damage the drought did to their crops. >> tom: that free checking account may not be so free. new regulations are squeezing bank profits, sending banks, both big and small, looking for new ways to bring in revenue. one way is by doing away with the free checking account which was so popular in the late 90's. ruben ramirez reports. >> reporter: dick evans is the c.e.o. of cullen/frost bankers. frost has 115 branches around texas. he says checking account fees are going up because of increased government regulation that went into effect a year ag
to have more competitors, last year the united states had like 87% of the global market, 60 some odd billion dollars. what you'll see is they will not have as high of a share. i think the u.s. company share will drop back closer to 50%. >> tom: does the market shrink as well? or does that market continue to grow even with more competitors? >> well, the market grew substantially this year, primarily because of the threat that many middle east countries perceive from iran so, that was the big uptick in the global market. but again i think that the competition will be in what we call the developing countries, europe is not increasing its defense budget, our budget is going to, it's already going down and it probably will go down even more, even if we don't get sequestration, you will see further reductions as we try to grap well the deficit. >> tom: what's your best guess on this, i know you're in the a company analyst, but do you think this deal passes regulatory muster internationally? >> i think it will, because we had the same questions back in the 90s when we had, for example, lock
the united states. if you look around the world, the world economy has been hurtings for two years plus, so i think we've got a long way to go, and we ought to be doing things to get the growth rate higher. but the question of would you rather be living in january, 2009, when the economic team incoming, you're about to be in the great depression, you better figure out what you're going to do once the depression has started that was a black hole that we did not go into. >> president gave himself an incomplete. you were in the white house during the financial and the health care debate. and the debate on whether to raise the debt ceiling. you pointed out more needs to be done. >> i would say in the immediate term, we have to put focus on getting the growth rate up, and getting the growth rate going. it should be on private sector growth, and focus on experts and the focus on trying to focus on getting people to stay in their houses and the equivalent tax cut, and then deficit reduction. >> it's debateable what we'll here hear in the next three nights, did the president fail in housing? should m
for coal. >> you have say unique sper spective. you say coal provides 10% of the electricity in the united states. what's your take on economic demand as we move into the new year? >> well, what we're not seeing is strong industrial and manufacturing demand. not to say that we're not seeing growth in certain areas. i think in terms of economic activity. we're seeing a little growth, but it's not to the point where it needs to be in our view to make a fundamental difference to getting the economy where it ought to be in terms of higher levels of gdp growth. we appreciate the insights. it's greg boyce, the ceo of peabody energy. you can see our entire interview online at nbr.com. also online, how do long-term investors fit into the market in this age of high-frequency trading? visit nbr.com. tomorrow on nbr, home prices aren't the only things going up in housing-- the cost of land also is on the rise. and the latest efforts for parents and students to make better financial decisions when it comes to paying for college. could this hail mary pass force a breakthrough in one of the country's hi
such as in europe. >> tom: i want to ask about demand here in the united states, because natural gas prices have been very low for quite some period of time thanks to new drilling techniques that have led to an abundance of natural gas. how high are natural gas prices have to go in order for your industry, the coal miners, to begin to see a pickup in demand domestically? >> well, when we see gas get back to the $3 range, coal will be back in money in terms of dispatching the electricity market. i think it's public policys that don't allow us to compete and we're starting to see what we believe are bad public policys that are going to carry bad chemical weaponss for american business and american consumers. >> tom: i want to ask you about one of those, an e. p. a. rule that would require plants built after april 2013, power plants, to have carbon capture technology. what kind of impact may that have on coal demand there after? >> well, tom, that is a policy that says we're not going to invest in the future of coal and future of clean coal technology, because if you're going to require something t
Search Results 0 to 4 of about 5

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